Polymer Capital Management US LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,479 shares of the company's stock, valued at approximately $638,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Albertsons Companies by 55.3% during the 4th quarter. FMR LLC now owns 26,150,522 shares of the company's stock worth $513,596,000 after purchasing an additional 9,308,940 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Albertsons Companies by 8.4% during the 4th quarter. Federated Hermes Inc. now owns 790,039 shares of the company's stock valued at $15,516,000 after purchasing an additional 60,993 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Albertsons Companies by 75.9% during the fourth quarter. Russell Investments Group Ltd. now owns 259,149 shares of the company's stock worth $5,089,000 after purchasing an additional 111,842 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Albertsons Companies by 54.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 138,347 shares of the company's stock valued at $2,717,000 after purchasing an additional 48,752 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Albertsons Companies in the fourth quarter valued at about $2,238,000. Institutional investors own 71.35% of the company's stock.
Analyst Ratings Changes
ACI has been the topic of a number of research reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Citigroup assumed coverage on Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 price target for the company. Bank of America started coverage on Albertsons Companies in a report on Friday, December 13th. They issued a "neutral" rating and a $22.00 price objective on the stock. Evercore ISI boosted their target price on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.
View Our Latest Research Report on Albertsons Companies
Albertsons Companies Trading Down 1.1 %
NYSE:ACI traded down $0.24 during midday trading on Friday, reaching $21.12. 5,069,104 shares of the stock traded hands, compared to its average volume of 4,153,047. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The company has a fifty day moving average of $21.16 and a 200 day moving average of $19.89. The stock has a market capitalization of $12.24 billion, a P/E ratio of 11.87, a PEG ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20.
Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion during the quarter, compared to analysts' expectations of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. On average, research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.
Albertsons Companies Company Profile
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Free Report)
Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.
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